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Despite Falling Rates, King County Housing Market Flops to End Forgettable Year

Will Springer Realtor

The 802 new listings in December was a low not seen since records were archived online from 1990. No other month has fallen below 1000 new listings in more than three decades of record keeping. Prices mostly fell from the previous month but were higher year-on-year (YoY). Inflation currently stands at 3.1%.

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IS THE REAL ESTATE WINDOW CLOSING SHUT?

Will Springer Realtor

As part of the project, developers are sketching out plans for a pair of office towers at least 41 stories tall on a 4.6-acre Estimated opening is 2026. New listings are up 6.3% Condo sales are in a similar boat, with new listings higher – by 4.3% 1 vs. Sept. Median condo prices were up 1.9%

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FINDING THE KEY TO UNLOCK ‘STUCK’ HOMEOWNERSHIP RATE

Will Springer Realtor

Well, I am only a single real estate professional with one opinion but, for me, the solution includes enacting a blend of corporate and federal dollars toward incentivizing the development of affordable for-purchase housing that targets under-served communities whose residents would otherwise find homeownership difficult to achieve.

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